GHS.L Share Price (GHS)

Just to confuse the unwary even more, the company has now suddenly changed it's name to Rockwood Realisation with the ticker RKW. So everyone over to the shiny new chat board

Not really Partypiece, if you read the other posts here you will see that you are in line to get £3 per share back in cash soon, that's why the price fell by roughly £3. So I'd guess you are actually up over "a few months" rather than 25% down?

Hello guys. I bought a few months ago. Stuck 5K in thinking I had an opportunity looking at the Nav, yet I stand now 25% down. Not good.
I'm not very experienced. How do you see this playing out, am I going to lose alot of money? Is there anything I can do? Any advice and thoughts appreciated

Hi forbes. Short answer is no. The £3 per share will be paid out of cash held by the company - the payment date for that was announced today after the vote - 30 December 2021. The share price has fallen today by a similar amount because the "ex" date was today (i.e. anyone buying after today is excluded from that payment).

You can still sell your shares if you wish, and will still get the £3 per share cash payment, as I understand it, provided you owned the shares today. If you don't want to sell, the plan is for there to be further cash payments (and corresponding reductions in the share price) over the next two years - you can sell at any point during that time, same as normal.

So your choice is probably to sell up now to get the cash in one lump, or hold on and get it in dribs and drabs, hoping to get slightly more in the long term. The new investment managers have said most of the disposals of assets are likely to happen in 2023.

Bear in mind I am not an expert, just giving my understanding. Good luck!

again forgive my stupidity - does this 300p per share thing mean that all our shares are sold automatically on 15th Dec for 300p?!